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PermRock Royalty Trust T.PRT


Primary Symbol: PRT

PermRock Royalty Trust (the Trust) is a statutory trust. The Trust owns a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain properties owned by Boaz Energy II, LLC (Boaz Energy) in the Permian Basin of West Texas. The underlying properties consist of about 31,354 gross (22,394 net) acres in the Permian Basin. The Permian Basin extends over 75,000 square miles in West Texas and Southeastern New Mexico. The underlying properties consist of four operating areas. Permian Clearfork area consists of about 2,434 net acres on the Central Basin Platform of the Permian Basin in Hockley and Terry Counties, Texas. Permian Abo area consists of about 1,667 net acres on the Central Basin Platform of the Permian Basin in Terry and Cochran Counties, Texas. Permian Shelf area consists of about 14,390 net acres on the Eastern Shelf of the Permian Basin. Permian Platform area consists of about 3,903 net acres.


NYSE:PRT - Post by User

Comment by agent81on Aug 16, 2012 5:16pm
186 Views
Post# 20226847

RE: RE: RE: bargain

RE: RE: RE: bargain

Exactly. Stabilization of the US housing market and of course export growth to Asia-Pacific countries. I am also in WEF which has had a good move lately.  Forestry on the island. May want to check it out. I think the whole sector could improve.  Dividend here would be nice but I doubt it will happen anytime soon. Seems like they could afford it now though.

Was surprised to see it close at $3.05. I think thinly traded stocks like this have potential to move up (and down) very quickly. For example right now there is literally only 6 sell orders and it jumps from $3.10 to $3.25 then to $3.35 and $3.50. 

2500 - $3.10   3500 - $3.25  1200 - $3.35  1000 - $3.51 Would not take a lot of volume to move the price up.

Does anyone know how large the float is? 

 

  

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